For a long time, taxpayers in Connecticut have been able to fully deduct state and municipal tax payments on their federal returns. Law changes, which took effect in 2017, ended that tax benefit for the time being. As such, the state of Connecticut created a...
Month: July 2019
The following things raise your risk of being audited
Filing taxes can be a pain. No one wants to go through this process every year, and no one wants to pay more than they think they should have to. There are certain things some Connecticut residents may do when completing their taxes to help lower their tax liability....
Do you have concerns over payroll taxes?
When you first started your own company, you may not have anticipated its growth. Now, rather than running a solo operation, you have employees who work for you. While that may make you feel important and proud because it means that your company has grown and seen at...
Connecticut tax crime: Man sentenced in tax fraud case
Tax fraud is something that the state and federal governments will not treat lightly. Those accused of committing this type of tax crime, if ultimately convicted, could face some severe consequences. A Connecticut man just found this out the hard way.A news article...
Changes to taxpayer rights
On July 1, 2019, a bill was signed by the president that is intended to protect taxpayers. Taxpayer rights are not new, but many felt that changes to these rights were long overdue. How will the Taxpayer First Act of 2019 benefit Connecticut residents?Benefit number...